HYDERABAD: MultiFit, a functional fitness studio brand, has confirmed plans to invest about Rs 300 million in setting up 12 premium fitness centres in the city.
These will have a boxing rink as well as indoor cycling facilities, its founder Samir Kapoor has said.
“Though not of Olympic size, the boxing rinks will be equipped to expose enthusiasts to the sport. This will also be used as part of the cardio fitness regime. We will also offer looping (indoor cycling) in the studio. Yoga, boxing, looping will be part of the 60 minute session. We will have a callisthenic-based approach to fitness. We will not have treadmills here,” he told Telengana Today, adding that boxing and looping modules are developed in-house.
The first of the three will come up in Jubilee Hills, Malaysian Township and Gachibowli shortly. Each would be about 10,000 sft and would see an investment of Rs 25 million each.
It will see its revenue coming from annual and monthly subscriptions. This apart, it will also have a non-gym revenues from the boxing rinks that it intends to set up, Kapoor told the publication, adding that it is self-funded.
Multifit started as a single studio brand in Pune in 2015. It now has 19 large format studios across West and North India and 40,000 members. It also has plans to launch facilities in Bengaluru, Mysore and other places.
MultiFit has been the fitness partner for Pune FC, Premier Futsal & Puneri Phaltans (Pro-Kabaddi League). It offers genetic-based nutrition mapping and has its own trainer training institute, MultiFit Exercise Science Academy.
